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Updated over 5 years ago on . Most recent reply

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Shan Vincent
48
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23
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Selling Property in CA moving equity to another state? Yes or No

Shan Vincent
Posted

We own income properties in Southern CA.  We have a condo that only cash flows about $300 per month.  It has about 500k in equity.  I'm trying to decide if we should sell it and move the money out of state to make a bigger cash flow each month or keep it and watch it appreciate.  It's located in a nice gated community in Newport Beach.  Any input would be greatly appreciated.  

Most Popular Reply

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308
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217
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Nic S.
  • Danville. CA
217
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308
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Nic S.
  • Danville. CA
Replied

Keep the house + appreciation, use a HELOC for $250K and buy OOS

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